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> I doubt spacex or tesla would be worth nearly as much as they currently are without him because he is a master marketer. Nobody said Musk wasn't a great entr
by dunpeal 8y ago
> I doubt spacex or tesla would be worth nearly as much as they currently are without him because he is a master marketer.
Nobody said Musk wasn't a great entrepreneur. The problem is the way he runs his companies right now, as a chief executive and major stock holder.
For example, the way he packed Tesla's board full of his longtime friends. Tesla is a public company. It has a board for a reason: the board is suppose to be loyal and beholden to the "public", i.e. the shareholders, not to Musk.
The board is supposed to be independent of the CEO. Indeed, it is supposed to be able to independently assess and - when appropriate - supervise and terminate the role of the CEO.
That is not happening because the current board is full of Musk's friends.
Had the board been independent - as it should be - Musk would probably be more careful, or he'd risk being fired after previous infractions, and certainly after this current one - bringing the ire of the SEC + multiple civil lawsuits down upon Tesla and its shareholders for no apparent gain or reason.
Musk seems to be a great entrepreneur. His present failings as a chief executive are unfortunate, and he is disappointing people who trusted him - notably, his investors and shareholders.